Employers generally offer tools to help their employees save for retirement. It’s essential to understand your savings options and contribute the most to your retirement account that your budget allows.
Watch the video to learn more about Employer-Sponsored Plans, then test your knowledge at the end of the lesson.
Generally, employees can enroll in a retirement plan as soon as they start a new job, and the amount they contribute is predetermined by the employer.
A. True
B. False
When it comes to employer matching, the best savings strategy is to contribute:
A. Only a little so your employer doesn’t get mad
B. The percentage your company will match
C. 25% of your weekly salary
D. The same amount that your coworkers contribute
Who can you go to for advice if you’re not sure how to save for retirement?
A. Professional financial advisor
B. Human resources representative
C. Retirement plan representative
D. All of the above